Pre-approval vs. Pre-qualified

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Real Estate

Did you know? Getting prequalified is different than getting pre-approved for a loan. πŸ’‘πŸ“‘ Pre-qualification is just the first step, giving you an estimate of what you might borrow. Pre-approval, however, means a lender has thoroughly checked your financials and committed to lending you up to a specified amount. Always aim for pre-approval to strengthen your offer and show sellers that you are a serious buyer! πŸ’ΌπŸ”‘

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Pre-approval vs. Pre-qualified

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